Easterly Investment Partners LLC Trims Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Easterly Investment Partners LLC cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 116,019 shares of the financial services provider's stock after selling 5,603 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.0% of Easterly Investment Partners LLC's portfolio, making the stock its 3rd biggest holding. Easterly Investment Partners LLC's holdings in JPMorgan Chase & Co. were worth $24,464,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of JPM. Catalyst Capital Advisors LLC acquired a new position in JPMorgan Chase & Co. during the third quarter valued at approximately $27,000. Fairway Wealth LLC bought a new position in shares of JPMorgan Chase & Co. in the second quarter valued at $32,000. Anfield Capital Management LLC acquired a new position in JPMorgan Chase & Co. during the second quarter worth $34,000. Davidson Capital Management Inc. bought a new stake in JPMorgan Chase & Co. during the first quarter worth $37,000. Finally, West Financial Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the third quarter valued at $37,000. Institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock traded up $2.58 during trading hours on Wednesday, reaching $242.14. 5,763,831 shares of the stock were exchanged, compared to its average volume of 9,069,446. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a twelve month low of $146.52 and a twelve month high of $248.00. The company has a market cap of $681.71 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 3.48 and a beta of 1.10. The stock has a 50 day moving average of $217.92 and a two-hundred day moving average of $209.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same quarter last year, the company posted $4.33 EPS. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. Equities analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were issued a dividend of $1.25 per share. This is an increase from JPMorgan Chase & Co.'s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of 2.06%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is 27.82%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on JPM shares. Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 7th. Barclays boosted their price target on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the stock an "overweight" rating in a research report on Monday, October 14th. Oppenheimer upped their price objective on JPMorgan Chase & Co. from $232.00 to $241.00 and gave the company an "outperform" rating in a research note on Tuesday, November 5th. Daiwa Capital Markets reduced their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $224.31.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.